Susquehanna analyst Sam Poser maintained a Buy rating on Skechers USA (NYSE: SKX) yesterday and set a price target of $40. The company’s shares closed yesterday at $28.32.
According to TipRanks.com, Poser is a 5-star analyst with an average return of 9.0% and a 59.0% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.
Skechers USA has an analyst consensus of Strong Buy, with a price target consensus of $43.
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Skechers USA’s market cap is currently $4.43B and has a P/E ratio of 21.95. The company has a Price to Book ratio of 2.28.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.
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SKECHERS USA, Inc. engages in designing, development and marketing of lifestyle footwear that appeals to men, women and children of all ages. It operates through the following segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales.
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